The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that the Federal Government’s economic reforms will foster long-term resilience aimed at lifting millions of Nigerians out of poverty. Edun said this during the ongoing International Monetary Fund (IMF)-World Bank 2025 Spring Meetings in...
Economy
The International Monetary Fund (IMF) on Tuesday lowered its global economic growth forecast for 2025 to 2.8 per cent. Predicting the wave of tariffs and uncertainty unleashed by U.S. President Donald Trump will lead to a worldwide economic slowdown. The IMF revised its projection of 3.3 per cent forecast...
Group Managing Director, United Bank for Africa (UBA), Mr Oliver Alawuba, has said Nigeria requires a double-digit Gross Domestic Product (GDP) growth to achieve the projected one-trillion dollar economy target by 2030. Alawuba made this remark on Monday in Abuja, at the ongoing 36th Edition of the Finance Correspondents...
The Director General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, has said the N5.51 trillion pension investment will boost the country’s real sector development. This is contained in a statement issued by the management of the commission in Abuja on Tuesday. The investments, she said, span infrastructure,...
Many residents of the Federal Capital Territory (FCT), have continued to lament about the harsh economic policies which they say is impacting their livelihoods negatively. . They spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja. NAN reports that Nigerians have been expressing discontent over the...
Egypt is stepping up diplomatic engagement with African nations as it seeks to bolster security in the strategically vital Horn of Africa and Red Sea region. Ongoing conflicts in the region have sharply cut into Egypt’s crucial Suez Canal revenues. The diplomatic effort comes as Egypt grapples with a...
First Bank of Nigeria Ltd. has projected steady economic growth for the nation in 2025. The bank said that this projection is due to the bold economic reforms implemented in 2024, including the removal of fuel subsidies. Chief Executive Officer (CEO), FirstBank Group, Mr Olusegun Alebiosu, stated this in...
The Chairman of Oyo State Christian Association of Nigeria (CAN), Apostle Joshua Akinyemiju, has urged the Federal Government to implement business-friendly policies to grow the nation’s economy in 2025. Akinyemiju gave the advice in his New Year message made available to the News Agency of Nigeria (NAN) in Ibadan...
By DAVID IORJA, Abuja- President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released third quarter Gross Domestic Product report by the National Bureau of Statistics. According to the NBS, Nigeria’s GDP grew by 3.46%, compared to the 3.19% growth...
By TYAV SAM TYAV, Makurdi – Benue State Governor, Hyacinth Alia, has said that the revival of the abandoned Governor’s Cup was to stimulate local economy and as well hunt for talents across the state to feed Lobi Stars Football club among other national teams. Speaking on Sunday at...
President Bola Tinubu is determined to change the fortunes of Nigeria, regardless of the challenges confronting the country, says Vice-President Kashim Shettima. Shettima said this on Saturday in Abuja at a one-day retreat for presidential aides and heads of units in his office. According to him, the nation’s economy...
Vice-President Kashim Shettima has said the Federal Government’s ongoing efforts to strengthen the country’s trade sector is showing promising results, as Nigeria recorded N6.5 trillion trade balance in second quarter of 2024. Shettima, represented by the Secretary to the Government of the Federation (SGF), George Akume, said this at...
The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has blamed the continuous depreciation of the Naira to low local production capacity of the country. The chamber made the disclosure in a statement issued by its President, Mr Odeiga Jideonwo and made available to newsmen in Enugu on...
BY ANKELI EMMANUEL, Sokoto – Chairman of Sokoto State Universal Basic Education Board (SUBEB) Umar Tambuwal has expressed concerns over how the harsh economy is taking its toll on the teaching and learning process in Nigerian schools lately. Tambuwal, who lamented that the hike in fuel has increased inflation...
The Federal Government has said it is putting sustainable mechanisms in place to build a $1 trillion economy by 2030 through financial inclusion. Deputy Chief of Staff to the President, Office of the Vice President, Sen. Ibrahim Hadejia, disclosed this on Thursday in Benin. Hadejia spoke at the 8th...
Vice President Kashim Shettima on Monday said President Bola Tinubu led government is building a resilient economy that can withstand shock. Shettima made this known in Abuja at the 30th Nigerian Economic Summit (NES30), with the theme: ”Collaborative Action for Growth, Competitiveness and Stability”. “It is also important to...
Vice-President Kashim Shettima has said the nation’s economy has started improving and it will rebounce in the coming months Shettima gave the assurances on Saturday during the launch of the Nasarawa State Human Capital Development Strategy Document & Gender Transformative Human Capital Development Policy Framework held in Lafia, the...
President Bola Tinubu has said his administration is retooling the economy through necessary reforms to serve Nigerians better and more sustainably. The President said this in his Independence Day broadcast on Tuesday. “If we do not correct the fiscal misalignments that led to the current economic downturn, our country...
President Bola Tinubu has said his administration is restoring confidence in Nigeria economy through measures aimed at reducing inflation, stabilising the foreign exchange market, and improving fiscal management. Tinubu, represented by his Vice, Kashim Shettima, gave the assurance on Tuesday at the 17th Annual Chartered Institute of Bankers of...
The Catholic Archbishop of Lagos, Most. Rev. Adewale Martins, on Saturday appealed for an end to the nationwide protests to save the economy. Martins made the plea in a statement signed by the Church’s Director of Social Communication, Rev. Fr. Anthony Godonu. He said that the prolongation of...